Top 10 Biggest Price Markups
-
Well, that's cost to manufacture, cost of research is what they are trying to recoup. And yes, fleecing us as well. you can't tell the doctor you'd prefer something different, right ?
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
-
http://www.toptenz.net/top-10-biggest-price-markups.php[^] I did not expect the item at number one in the list - Prescription Medicine (900-1200% markup). I was not surprised by sodas, popcorns and bottled water.
Here in UK I am on Methotrexate, which in the US would cost about $200 for a course. I pay £8.50. Good Old National Health Service.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave
-
Here in UK I am on Methotrexate, which in the US would cost about $200 for a course. I pay £8.50. Good Old National Health Service.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave
If you had a chronic illness (which, of course, I hope you don't) you would pay nothing for any prescription: doesn't get any cheaper than that!
me, me, me "The dinosaurs became extinct because they didn't have a space program. And if we become extinct because we don't have a space program, it'll serve us right!" Larry Niven
-
Well, that's cost to manufacture, cost of research is what they are trying to recoup. And yes, fleecing us as well. you can't tell the doctor you'd prefer something different, right ?
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
A bunch of these drugs are developed using grant money. Someone did a study a while back and figured out that the pharmcos were essentially getting research paid for by the government and then billing customers for this supposed research cost while not paying the government a penny in compensation or royalties. And why exactly are the same exact drugs around 20 times more in the US if it was paying off research?
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.
-
http://www.toptenz.net/top-10-biggest-price-markups.php[^] I did not expect the item at number one in the list - Prescription Medicine (900-1200% markup). I was not surprised by sodas, popcorns and bottled water.
-
Christian Graus wrote:
you can't tell the doctor you'd prefer something different, right ?
Unless you ask for the generic equivalent.
-
http://www.toptenz.net/top-10-biggest-price-markups.php[^] I did not expect the item at number one in the list - Prescription Medicine (900-1200% markup). I was not surprised by sodas, popcorns and bottled water.
Ever notice how mattresses and furniture are always on sale? Well there’s a reason for that. Furniture salesmen receive a higher commission if they sell their product at MSRP (manufacturer suggested retail price); usually a minimum of 20%.
Is it just me, or is that a complete non sequitur. So they get more commission if they sell at MSRP; so then why is it on sale again?
-
http://www.toptenz.net/top-10-biggest-price-markups.php[^] I did not expect the item at number one in the list - Prescription Medicine (900-1200% markup). I was not surprised by sodas, popcorns and bottled water.
I knew the drug companies claim they make back their research costs on the American markup, but I had no idea the pharmacies where adding that much on top, even for generic drugs.
I can imagine the sinking feeling one would have after ordering my book, only to find a laughably ridiculous theory with demented logic once the book arrives - Mark McCutcheon
-
Well, that's cost to manufacture, cost of research is what they are trying to recoup. And yes, fleecing us as well. you can't tell the doctor you'd prefer something different, right ?
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
Of course you can!
CQ de W5ALT
Walt Fair, Jr., P. E. Comport Computing Specializing in Technical Engineering Software
-
http://www.toptenz.net/top-10-biggest-price-markups.php[^] I did not expect the item at number one in the list - Prescription Medicine (900-1200% markup). I was not surprised by sodas, popcorns and bottled water.
Cost to make a DVD: $0.10. Visual Studio: $3,000 (give or take 10 grand) Markup: Unfathomable. Still, it's not just the material cost they are charging for. I wonder what the real markup is.
-
http://www.toptenz.net/top-10-biggest-price-markups.php[^] I did not expect the item at number one in the list - Prescription Medicine (900-1200% markup). I was not surprised by sodas, popcorns and bottled water.
pashaw.... the military's history of being charged for $435 hammers, $640 toilet seats, and $7,600 coffeemakers by contractors. :) The problem is making up for R&D. Drug companies could spend 10-20 years of a dozen chemists to develop a single product. Now even assuming they could sell a billion doses of that product over its expected lifetime (before being replaced by something else), you have to sell that item at a pretty penny to make up for those labor rates. Thus the problem with the military budgets most people have. The R&D is hefty, to develop something new is rough, and rife with failures before you get successes. How many times did Edison fail before he succeeded with a lightbulb? The military and drug companies both follow what is referred to as convergent redundancy. It's a stupid meaningless buzzword, as most buzzwords, which means that you start off with a base of redundant operations weeding out those without success converging into one success. It's the fastest way to reach an R&D product, but it is expensive. And redundancy breeds expense. :)
_________________________ John Andrew Holmes "It is well to remember that the entire universe, with one trifling exception, is composed of others." Shhhhh.... I am not really here. I am a figment of your imagination.... I am still in my cave so this must be an illusion....